The new corporation will be owned by its members and then commence the IPO process on a major stock exchange, but the brand did not indicate which one. The transformation is expected to take between 12-18 months.

ViewPoint Bank, formerly the Dallas-based Community Credit Union, had what may have been the best opening of any former credit union in history as the bank's stock closed up about 50% after its first day of trading. Community Credit Union became ViewPoint Bank on Jan. 1 and formed the ViewPoint...

The $191 million Envision Credit Union has introduced a credit card that members can decorate with their own photos.

The $1.2 billion Think Federal Credit Union, formerly IBM Mid America Credit Union, has notified members that its board has voted to apply to convert to a mutual bank.

Members of the $332 million Lafayette Federal Credit Union who oppose the credit union's proposed conversion to a mutual bank have written an eight-page letter to the credit union's board of directors which questions, among other things, the CU's contention that it would enjoy a "more flexible regulatory environment" as...

A sophisticated Sept. 20 phishing attack targeted credit union cardholders by masquerading as a site sponsored by Card Services for Credit Unions, the association of credit unions that processes their card transactions with Fidelity National Information Services.

Sometimes ROA can move in cycles. For example, the $1.1 billion First Community Credit Union, headquartered in Chesterfield, Missouri, saw its ROA drop from .67% at the end of 2005 to .29% at the end of March 2006, a fact the credit union attributed to routine purchases of investments.

The battle over whether the $332 million Lafayette Federal Credit Union will change its charter to that of a mutual bank has gotten hotter online as another organization has sponsored a Web site about the conversion.